Sinha to revamp indirect taxes
Finance minister Yashwant Sinha is gearing up to replicate the reasonably successful experience of the direct taxes to indirect levies by not only rationalising them but also making the structure more meaningful and lasting.

MTNL to offer internet at discount
The Mahanagar Telephone Nigam Limited (MTNL) is likely to price its internet services at a discount of Rs 1000 to Rs 500 to the prevailing rates.

IOC told to amend pact with Reliance, Essar
The petroleum ministry has asked Indian Oil Corporation (IOC) to amend its pact to market half of the petroleum products of Reliance and Essar refineries in tune with the existing administered pricing mechanism (APM).

  Worldlink Finance penalised for default
  Telco posts Rs 76 cr loss in 9 months
  IDBI profit touches Rs 1008 cr in 3 quarters
  Sensex makes small gain
  Indian Hotels profit drops
  GE Shipping profits down
  L&T beats recession, posts 62% rise in profit
  VSNL clocks Rs 268cr net profit in Q3
  Tata Tea net profit down 10%
  Zero import duty on capital goods may stay
  Bizbits
  US firm buys Inox stake for Rs 90 cr
  Biwater to invest in India
  SEBI adds 4 more scrips to demat list
  Pakistan may devalue rupee
  SPIC Q3 profits up marginally